http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-09-2018.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…Stocks bounce at the end of a very bad week. Another (short) government shutdown. Winners and losers Financial Review by Sinclair Noe for 02-09-2018

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-08-2018.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…. Another crash, Dow down 1,032. This is turning into a real problem. Markets are panicky. Fear over inflation and higher rates, and maybe a currency war with China. Also, waiting on a budget deal. Meanwhile, we found a few (long) winners. … Financial Review by Sinclair Noe for 02-08-2018

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-29-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 10-29-2015 DOW – 23 = 17,755 SPX – 0.94 = 2089 NAS – 21 = 5074 10 YR YLD + .08 = 2.17% OIL + .12 = 46.06 GOLD – 10.20 = 1146.50 SILV – .35 = 15.68 Gross domestic product, the value of almost everything a nation produces, rose at a 1.5% annual pace in the third quarter; that’s down from a 3.9% rate in the second quarter. The slowdown stemmed mostly from the biggest drawdown in inventories in three years. Companies cut spending on structures such as oil platforms and commercial buildings. Even as businesses showed more caution, consumers continued to spend money at steady clip. Consumer spending, the single largest determinant of U.S economic growth, rose at a 3.2% annual pace following an even larger gain in the second quarter. Some parts of the economy are performing well; technology, health care, and finance are enjoying conditions that echo the booming 1990s or the housing bubble a decade ago. The energy sector is hurting and cutting jobs and closing down projects. Shipping is a measure of the real economy. Shipments usually increase from August to September. They did this year too. The number of shipments in September inched up 1.7% from August, according to the Cass Freight Index. But the index was down 1.5% from an already lousy September last year, when shipments had …

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-27-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 10-27-2015 DOW – 41 = 17,581 SPX – 5 = 2065 NAS – 4 = 5030 10 YR YLD – .03 = 2.03% OIL – .78 = 43.20 GOLD + 4.10 = 1168.00 SILV + .03 = 15.97 Congressional leaders have reached a tentative budget deal with the White House in a breakthrough that would set government funding levels for the next two years and extend the nation’s debt limit through 2017. The bill would raise the spending caps set in place in 2011 that would result in deep cuts to both defense and non-defense spending, called sequestration. This deal would provide $80 billion in sequester relief. The bipartisan agreement would include long-term entitlement reforms to the Social Security Disability Insurance (SSDI) program, the first major reform to Social Security since 1983. The Social Security Disability Insurance program would be amended, in part to tighten and standardize eligibility requirements that now vary by state. That change was projected to save the government $5 billion. It also prevents a spike in Medicare B premiums for millions of seniors. The increases would have been caused by the rare absence of a cost-of-living increase in Social Security benefits, because of unusually low inflation. The deal still needs Congressional approval, but for outgoing House Speaker John Boehner this was a matter of wrapping up unfinished business before his departure, …

The Popsicle Economy by Sinclair Noe DOW + 63 = 16,027SPX + 10 = 1829NAS + 39 = 424010 YR YLD – .02 = 2.73%OIL – .02 = 100.35GOLD + 11.00 = 1303.80SILV + .25 = 20.59 According to the latest AAII Investor Sentiment Survey, over the last week the number of self-described bulls jumped to over 40% while bears plunged from over 36% to 27%. Did all those people suddenly become timing experts or is this an indication that it’s time to take profits? The number of Americans who applied to receive unemployment benefits rose last week and the gradual decline in claims since last year appears to have halted. Initial jobless claims climbed by 8,000 to a seasonally adjusted 339,000 in the seven days ended Feb. 8. RealtyTrac reports monthly foreclosure filings — including default notices, scheduled auctions and bank repossessions — reversed course and increased 8% to 124,419 in January from December. One month does not make a trend, but the foreclosure rebound pattern is not only showing up in judicial states like New Jersey, where foreclosure activity reached a 40-month high in January, but also some non-judicial states like California, where foreclosure starts jumped 57% from a year ago, following 17 consecutive months of annual decreases. As a whole, 57,259 US properties started the foreclosure process for the first time in January, rising 10% from December but still down 12% from last year. On a monthly basis, retail sales decreased 0.4% from December to January (seasonally …

Let’s Make A Deal by Sinclair Noe DOW – 129 = 15,843SPX – 20 = 1782NAS -56 = 400310 YR YLD + .05 = 2.84%OIL -1.09 = 97.42GOLD – 9.70 = 1253.30SILV – .13 = 20.40 We have a deal. Bipartisan budget negotiators, led by senator Patty Murray for the Democrats and House Republican Paul Ryan, announced last night that they have reached a deal to settle the federal budget for two years, and avert a possible government shutdown. We have a deal; it’s just not a done deal. There is pressure from both the left and right, as Democrats sought to negotiate a further deal on unemployment benefits and Republicans fended off attacks from conservative pressure groups. House Speaker John Boehner lashed out at right wing groups such as the Heritage Foundation, claiming they were criticizing the compromise deal before they even knew what was in it. Meanwhile, some Democrats lashed out at the $1 trillion deal because it did not include an extension of long term unemployment benefits for some 2.1 million out of work workers. Republican leaders will likely have to rely on House Minority leader Nancy Pelosi to deliver sufficient Democratic votes to counter any rebellion among their Tea Party wing, which gives the minority leader a rare moment of leverage. So far, Republicans have not ruled out allowing a separate vote to extend long-term unemployment benefits, but signal they too want more concessions from Democrats first. There is also opposition from Republicans in the Senate, who …